Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“I have seen old ships sail like swans asleep”
—James Elroy Flecker (1884–1919)
“If a man suffers ill, let it be without shame; for this is the only profit when we are dead. You will never say a good word about deeds that are evil and disgraceful.”
—Aeschylus (525–456 B.C.)
“Whether talking about addiction, taxation [on cigarettes] or education [about smoking], there is always at the center of the conversation an essential conundrum: How come we’re selling this deadly stuff anyway?”
—Anna Quindlen (b. 1952)